Boothbay Fund Management LLC Has $8.61 Million Holdings in Antero Resources Corporation $AR

Boothbay Fund Management LLC grew its stake in Antero Resources Corporation (NYSE:AR) by 16.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 249,790 shares of the oil and natural gas company’s stock after buying an additional 36,004 shares during the quarter. Boothbay Fund Management LLC’s holdings in Antero Resources were worth $8,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the third quarter worth about $30,000. IFP Advisors Inc lifted its position in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth about $41,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Antero Resources in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In related news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the transaction, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.10% of the company’s stock.

Antero Resources Trading Down 0.0%

Shares of AR opened at $33.90 on Thursday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 11.01 and a beta of 0.33. The stock’s 50-day moving average price is $36.87 and its 200 day moving average price is $36.46.

Analyst Ratings Changes

Several research firms recently weighed in on AR. Bank of America boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Barclays boosted their price objective on Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Mizuho boosted their price objective on Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Citigroup boosted their price objective on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.06.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.